{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Economic research & forecasting Economics Housing outlook Tailored market research Economic reports & data Inspiring Australia's building professionals Business & digital Products & innovation Projects HOUSING Online The only place to get your industry news Media releases Member alerts Submissions See all
Business support
Business support $vuetify.icons.faArrowRight
Become an apprentice host Hire an apprentice Why host a HIA apprentice? Apprentice partner program Builder & manufacturer program Industry insurance Construction legal expenses insurance Construction works insurance Home warranty insurance Tradies & tool insurance Planning & safety solutions Building & planning services How can safety solutions help you? Independent site inspections Solutions for your business Contracts Online HIA Tradepass HIA SafeScan Advertise jobs Trusted support & guidance Contracts & compliance support Professional services Industrial relations Member savings Toyota vehicles Fuel savings Handy pay See all
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes Australian standards Getting it right on site See all Building materials & products Concrete, bricks & walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Falls from heights Safety rules Working with silica See all Building your business Growing your business Maintaining your business See all Other subjects COVID-19 Getting approval to build Sustainable homes See all
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer Frequently asked questions Study with us Find a course to suit you Qualification courses Learning on demand A job in the industry Get your builder's licence Continuing Professional Development (CPD) Find jobs
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Mates rates Get involved Become an award judge Join a committee Partner with us Our initiatives GreenSmart Kitchen, bathroom and design hub Get to know us Our members Our people Our partners Support for you Charitable Foundation Mental health program
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Awards program People & Business Awards GreenSmart Australian Housing Awards Awards winners Regional Award winners Australian Housing Award winners 2023 Australian Home of the Year Enter online Industry events Events in the next month Economic outlook National Conference Events calendar
HIA products
HIA products $vuetify.icons.faArrowRight
Shop @ HIA Digital Australian Standards Contracts Online Shipping & delivery Purchasing T&Cs See all Products Purchase NCC 2022 Building codes & standards Economic reports Hard copy contracts Guides & manuals
About Contact Newsroom
$vuetify.icons.faTimes
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Address
Change location
{{propApi.title}}
{{propApi.text}} {{region}} Change location
{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

Bills, bills, bills

Bills, bills, bills

{{ tag.label }} {{ tag.label }} $vuetify.icons.faTimes
The federal government has agreed to a range of reforms to improve housing supply. Several Bills currently under debate are an important part of the solution.

Jocelyn Martin

HIA Deputy Managing Director – Policy and Industry

In October last year, the Albanese Government announced the National Housing Accord, describing it as a ‘landmark agreement to address one of our nation’s biggest economic challenges: the supply and affordability of housing’.

Pleasingly, these initiatives closely aligned with HIA’s 2022 federal government election imperatives. HIA has been an advocate for the federal government’s role in tracking and reporting land and housing supply for decades, recognising the impact orderly planning and management of new housing supply has on the Australian economy. There is a fundamental role for the Commonwealth to take in the oversight of land and housing data.

The National Housing Accord promises to bring together stakeholders across all levels of government, investors and the building and construction sector to address the supply of quality affordable housing. Through the Accord, and with the support of the states and territories, the Government is committed to delivering up to 50,000 social and affordable homes.

The Housing Accord also sets an aspirational target to deliver one million new homes over five years from 2024.

The Housing Accord sets an aspirational target to deliver one million new homes over five years from 2024.

How do we achieve this?

In February this year, the Australian Government introduced its Housing Australia Future Fund Bill to Parliament. Together, with the National Housing Supply and Affordability Council Bill 2023 and the Treasury Laws Amendment (Housing Measures No. 1) Bill 2023, the Bills enable the establishment of the Housing Australia Future Fund. The fund will facilitate grants through Housing Australia which address housing needs, in particular around social and affordable housing.

The Bills failed to be heard in June after a motion put forward by the Greens. At this stage the Bills will come before the Senate in October.

Their introduction has triggered wide-spread debate over affordability and supply with Independents and Greens questioning the adequacy of the $10 billion fund. HIA’s view, shared by most in the social sector, is that these Bills pave the way to addressing issues around supply which impact the entire housing continuum.

Here, we break down the roles of the different agencies set up to expedite the Accord.

 

HIA’s view is that these Bills pave the way to addressing issues around supply which impact the entire housing continuum.
Jocelyn Martin, HIA Deputy Managing Director - Policy & Industry

 

Housing Australia

The creation of Housing Australia to provide a clearly defined body with oversight of national housing policy issues is long overdue. The proposal to reform the National Housing Finance and Investment Corporation (NHFIC) into this body will provide a solid foundation for the expansion of its role.

The Fund

The $10 billion Housing Australia Future Fund will offer ongoing investment returns towards the delivery of 30,000 homes over five years. Returns from the Fund will also provide ongoing investments to address acute housing needs such as repair and maintenance for homes in remote communities, crisis options for women and children, and specialist services for veterans.

In recognising that much of the supply needs to come from the market, the Government has committed to enabling investment. Financial models that are designed to attract institutional investors by covering the gap between market rents and subsidised rents are considered a way to fund the increased need for social and affordable housing.

The delivery of 200,000 homes per year over a five-year period will be a challenge.

The Council

Federal, state and local governments – and the industry – undertake housing demand forecasting but with considerable duplication of effort. What is less consistent is the tracking and reporting on the actual and predicted level of supply over the short and medium term.

With inadequate, slow and inconsistent land supply data, regardless of the forecast demand, there continues to be no line of sight on the pace of supply to meet that demand. Infrastructure and other planning decisions based on these forecasts can in turn be sub-optimal with considerable cost to the community and the productivity of the economy.

The Government’s election commitment flagged that a new National Housing Supply and Affordability Council would be established to deliver a range of things,

  • Set targets for land supply in consultation with state and territory governments 
  • Nationally consistent data on housing supply, demand and affordability 
  • Advise on ways to improve land use planning and land supply which will boost national productivity and improve housing affordability 
  • Reports on the release of government-owned land, rental affordability and homelessness.

Giving the Council the capacity to undertake any other related research it considers will have a potentially material impact on housing supply and affordability is also appropriate, along with its role in the development of the National Housing and Homelessness Plan. 

The extent of the housing crisis is a shared challenge, but the Housing Australia Future Fund will provide the crucial base for reform.

The Plan

The Council will advise on the development of a National Housing and Homelessness Plan.

The election commitment is that this will ‘set out the key short-, medium- and long-term reforms needed to make it easier for Australians to buy a home, easier to rent, and put a roof over the heads of more homeless Australians’.

The targets under the Bills are an important benchmark that industry can use to hold governments to account. The delivery of 200,000 homes per year over a five-year period will be a challenge. When this figure was delivered over a four-year period from 2014-19, housing affordability notably improved. But HIA’s forecasts predict that under the current economic conditions, the supply of new homes will fall well short of this in the 2023-24 period.

The extent of the housing crisis is a shared challenge, but the Housing Australia Future Fund will provide the crucial base for reform.

It is important the Opposition, the Greens and cross bench do not delay in passing these Bills. As the current housing cycle ends, its passing will signal the acknowledgment that improvements to supply are a crucial factor in improving affordability – an eventuality that will be well received by the industry.

First published on 7 June 2023

You might also like:

View all $vuetify.icons.faArrowRight
Condensation Energy efficiency Inspiration In Focus National Construction Code (NCC)
Let buildings breathe
Intense wet weather and moves toward more tightly sealed homes has put the potential for mould growth under the microscope. This is what builders and designers need to understand.
Aug 23
9 min
Read full article $vuetify.icons.faArrowRight
Construction In Focus Tax
A four-step housing solution
We have a shortage of homes in Australia. There are four steps governments can take to improve supply and ease the pressure.
Aug 23
9 min
Read full article $vuetify.icons.faArrowRight
Regulations In Focus Environment Legal
Strength in numbers
Housing provides an overview of the contributions HIA members have made on our committees to drive our policy direction on behalf of industry.
Aug 23
6 min
Read full article $vuetify.icons.faArrowRight
Contractors Employee allowances Wages Small business In Focus
Rapid reforms
Will changes to the workplace relations laws affect you? Housing outlines the proposed reforms and what you need to know.
Aug 23
5 min
Read full article $vuetify.icons.faArrowRight
Planning Federal government National Construction Code (NCC) In Focus
Break the planning shackles
Too much subjective control has entered planning systems, leading to unnecessary delays and costs. It’s time to challenge the status quo and let industry get on with building houses.
Aug 23
5 min
Read full article $vuetify.icons.faArrowRight
Energy efficiency Education National Construction Code (NCC) In Focus
Winter is coming
The 7 stars and whole-of-home energy efficiency requirements will soon take effect. But what will this mean for future homes and apartments?
Jun 23
5 min
Read full article $vuetify.icons.faArrowRight
Australian Standards Building developments In Focus
Foreign investors: friend or foe?
Restrictions and taxes on foreign investment is having an adverse impact on housing supply at a time when Australia’s population is desperate for more housing solutions.
Jun 23
5 min
Read full article $vuetify.icons.faArrowRight
Education Construction Apprentice In Focus
Sold the wrong dream?
There’s a common perception that apprenticeships are poorly paid and the lesser alternative to university education. But is that truly accurate? New evidence suggests otherwise.
Jun 23
4 min
Read full article $vuetify.icons.faArrowRight
Electrical Energy efficiency Kitchens In Focus
Cooking with(out) gas
The discussion on moving away from the use of gas is heating up. But what will it mean and what are the implications for housing?
Apr 23
4 min
Read full article $vuetify.icons.faArrowRight
Education Apprentice CPD In Focus
Progressing our industry
How do we address our skills shortage? A school-based model in Tasmania for curious students could be part of the answer for the whole country.
Mar 23
3 min
Read full article $vuetify.icons.faArrowRight
Budget Small business Federal government In Focus
The way forward
There are measures the government can take to alleviate stress in our industry. These are the areas HIA has submitted to Treasury before the next Budget.
Mar 23
4 min
Read full article $vuetify.icons.faArrowRight
Bathroom Inspiration Kitchens In Focus
From across the globe
The big topics affecting housing globally, along with new innovative products, were key features at the 2023 International Builders’ Show in Las Vegas.
Mar 23
3 min
Read full article $vuetify.icons.faArrowRight